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20p coin (1985) worth anything??
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Practically impossible to mint your own. The equipment and process needed to stike coins is a hell of a lot more complicated than you might think.
Practically impossible for your average Joe with no means but if I was minted pardon the pun and wanted to do it as a challenge I'm sure I would manage it without much bother or much more likely I'd pay someone to do it
(granted I know nothing about the subject at hand and am just thinking to myself how hard would it be to press x grams of alloy with a design on front and back, if so I'm sure I'll be told, though there's little that can't be achieved once you throw enough money at it.)
On other subjects with regards to valuable coins I can certainly see the value of antique coins that have centuries of history behind them, that once were populous but the ravages of time have thinned their numbers, one of those I could see myself having great interest in and had I enough new coins of my own I might even exchange new for old
But new and artificially rare to boot coins I really don't get, only x number of y were ever minted, they have nothing but their scarcity going for them, no interesting stories or history, either of their own or of their era.
The official line is only x went public but really only x minus y went public y being the number Dave and all his mates in the central bank kept for themselves so they could make a few bob when the value skyrocketed, am I right ?
I read a story like this in the papers recently - I can't remember the details but it was a stamp that had been printed recently, by Germany I think , about one of her film stars and the family objected because she had a cigarette so they destroyed them all but a few were overlooked and now they are worth eleventy billion because there are only x of them.
A truly rare stamp I can certainly appreciate, more than a coin even, as it's paper - a perishable medium, whereas you have to go so far as to place a coin on a rail track to destroy.
But stamps printed literally a few weeks ago being worth huge amounts of money just because there's only a few - don't get it, that could so easily be abused by whomever it is releases coins and stamps, someone must be laughing to the bank. Stick to the old !
Of course bottom line is things are worth what people will pay for them but we can always shake our heads 0 -
Moderators, Business & Finance Moderators, Music Moderators, Recreation & Hobbies Moderators Posts: 4,499 Mod ✭✭✭✭
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Practically impossible for your average Joe with no means but if I was minted pardon the pun and wanted to do it as a challenge I'm sure I would manage it without much bother or much more likely I'd pay someone to do it (granted I know nothing about the subject at hand and am just thinking to myself how hard would it be to press x grams of alloy with a design on front and back, if so I'm sure I'll be told, though there's little that can't be achieved once you throw enough money at it.)
Well I do know about the subject as I've also studied forgeries particularly on ancient coins. Theres no way in hell you'd fool an expert so theres no point wasting your money trying to produce a forgery, even if you were minted. Sure, to the average Joe your coin might look the same as an original but not to an expert. It's not just about having the design exactly the same, theres lots of different tests an expert would do to check if a coin is genuine.The official line is only x went public but really only x minus y went public y being the number Dave and all his mates in the central bank kept for themselves so they could make a few bob when the value skyrocketed, am I right ?
OMG I don't believe you know Dave too, yes you are right to an extent. Dave sneaks a few out but he won't give them to his mates
Stick to the old !
But the same goes with old, what happens when they dig up another hoard of coins that were previously thought to be rare. Theres official mintage figures now but there wasn't back then. You've a better chance with a rare modern coin as an investment.Of course bottom line is things are worth what people will pay for them but we can always shake our heads
Basic law of economics, supply and demand. Let's say there are 3 known Irish 1938 Pennies and their value is 50,000 Euro, well if you had an American coin that there was only 3 of, it would be worth probably around 5 million dollars. Supply is the same but the demand is much greater. You can shake your head but people who invest in these coins can make millions by reselling them a few years later. They would of course get experts to make damn sure they were genuine first 0 -
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Moderators, Business & Finance Moderators, Music Moderators, Recreation & Hobbies Moderators Posts: 4,499 Mod ✭✭✭✭ Join Date:Posts: 4121
Don't forget the Ashmore forgeries
They would not pass C.D. or Spinks, but would pass an average collector.
Haha the Ashmore forgeries, I have about 3 of them and in hand they stand out like a sore thumb. Once of course you've seen the originals you can tell the difference. They were well made but again, they wouldn't fool an expert or even a serious collector. I've actually seen a guy from Germany selling these as "I don't know if they are original" claiming he bought them in Northern Ireland many years ago. He knows damn well what they are but thats the problem with ebay. Most times however even on ebay they are sold as Ashmore forgeries and they are interesting and collectable in their own right. Let's face it most people could never afford the originals.
Gunmoney are you familiar with the 1941 proof farthing, no one knows if it's a forgery or a sample or where the hell they came from. An interesting piece either way because if it's a forgery intended to deceive, it would be the first known forgery of a modern Irish coin. Theres also strong evidence to suggest they were samples made by the Austrian mint in the hope to get the minting contract here for them. I bought a few of them from a dealer in Austria and their patina would suggest that they are quite a few years old, yet they only surfaced in the last couple of years. One of the large American grading companies foolishly slabbed one as original but it was quickly pointed out to them by JSL. Again even by photo this stands out like a sore thumb.0 -
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This discussion has been closed.
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